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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: long-gone who wrote (46096)	12/17/1999 4:49:00 PM
From: russet	Read Replies (5) \| Respond to of 116836

Why stop at gold? Surely those same devils are anti-copper,lead,silver,wheat,coffee,mining,manufacturing,buggy whips,dinosaurs, and any stock or commodity we have purchased as an investment that has dropped in value. This is a fight of gold investors against everyone else who hasn't invested in gold. It is a publicity event to raise the profile of gold. This gold campaign has been going on since at least the early 1980's when I started investing,...and probably eons before that. I've heard the same crap on every stock thread on SI etc., when the stock starts to tumble. It's always the bad demons that sell the stock that conspire against the existing shareholders to cause the stock to fall. It's never so simple that supply could be greater than demand, or the company's fundamentals have changed, or expectations weren't realized, or sentiment has gone flat. In the 1980's, the Central banks were taking a lot of heat for keeping reserves of gold that took up space and cost money to store. That relentless criticism caused many of these institutions to start selling the gold off and replacing it with things that made money, and cost much less to hold. That was a fundamental change in the gold market. So now Gata et al show up and bitch at the central banks for selling the gold and depressing the market. Their motivation,...they hold gold and see their assets dwindling with the price. Not content to blame the central banks, they yell and shoot at anyone who disagrees with anything they say. I agree with Central Bank selling. Gold is meant to be seen, not kept in vaults by the Scrooge's around the world. The beauty in gold, is what we make it into. Once the gold is gone from the Central banks, the fundamental supply and demand may shift. Clearly in the many hundreds of years it took to accumulate all that gold in the Central Bank vaults, the price was probably artificially inflated. Now the reverse is true. Well folks,...too bad eh. You made a bad investment. Treat it like any other, and sell in tax loss season to lower your gains. I of course, expect to be raked over the bullchit coals for the above paragraphs. The simple fact is, the above is the simple truth. But many people prefer a world full of demons, aliens, liars and crooks, that they can blame for their investment failures, instead of putting in the days and months of hard work it takes a prudent investor to understand an investment, and what to expect from it, before they jump into it.